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National market update

Existing-Home Sales Up in June, Unsold Inventory Shows Continued Progress

WASHINGTON (July 22, 2014) – Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®.Read more

International Home Buyers Continue to Invest in Profitable U.S. Market, Realtors® Report

WASHINGTON (July 8, 2014) – Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments. Source: NAR

Existing home sales ()

Existing home median price ()

Housing Starts ()

New home sales ()

National economic indicators

Home ownership

2nd Qtr 2013

65.0%

2nd Qtr 2014

64.7%

The homeownership rate in the second quarter 2014 was 64.7 percent, down 0.3 (+/- 0.4)* percentage points from the second quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast and South were lower than the rates in the second quarter 2013, while the rates in the Midwest and West were not statistically different from the rates a year ago.

New home sales

June 14

-8.1%

May 14

+8.3%

Sales of new single-family houses in June 2014 were at a seasonally adjusted annual rate of 406,000. This is 8.1 percent (+/- 12.3%)* below the revised May 2014 estimate of 442,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Debby Brown

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

How to Do Real Estate Investment Right

While we can’t all build a portfolio of hotels, condos and resorts with our names on them like Donald Trump, plenty of individuals include real estate investment in their long-term strategy… (Read More)
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How to Buy a House at a Real Estate Auction

While many people go the traditional route of buying a house by home-shopping for months—using a real estate agent and negotiating with a seller—some people instead choose to buy their… (Read More)
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Stage Your House in the Right Light

If you’re about to put your home on the market, you know about the staging, the paint touch-ups and the fixes you’ve kept putting off until now. Let’s add one more… (Read More)
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Pre-qualification and Pre-approval: Do You Really Need Both?

What kind of mortgage you can afford and what kind you can get are important things to know when you begin the home-buying process. You might have a ballpark price… (Read More)
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8 Tips to Prepare a Home for Rental

Renting out your house, condominium, or apartment can be lucrative. But how do you prepare a home for rental? The number of renters in the United States—currently at 40 million—is expected… (Read More)
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Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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